8,298 Sqft Lot
8,298 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID 1015248
Rental Info No
Year Built 1968
Annual Tax Amount $15,558
Lot Size 8,298 Sqft
Acres 0.1905
Property Sub-Type Mixed Use
Source onekey2
Property Description
This property is ideal for an owner-user or a savvy developer. The ground-floor commercial space provides strong, reliable cash flow via a stepped NNN lease with a large national chain tenant through October 2027. Meanwhile, the spacious lower level is entirely vacant and ready for immediate occupancy—perfect for an owner-operator's business, or capable of being re-leased at an estimated $3,500/month.
For the visionary developer, the property comes with a preliminary zoning analysis detailing an as-of-right vertical expansion. Without the need for a lengthy rezoning process, an incoming buyer can build two additional residential floors (adding 5 dwelling units) over the existing retail structure.
Key Features:
* Upgraded Power: Brand-new (2025) 400-amp 3-phase service (commercial) and 100-amp service (lower level) entirely eliminates initial capex.
* Prime Location: Unbeatable convenience with a 92/100 Transit Score and 96 Walk Score. Just seconds from the Douglaston LIRR station for a rapid commute to Manhattan.
* Low Risk, High Reward: Capitalize on below-market in-place cap rates with the security of a national anchor tenant, while planning your 5-unit residential expansion.
* Situated in a great neighborhood with a median household income over avarage , right by the train station to Manhattan
*** Please note that some photos were digitally altered ***
Location
State NY
County Queens
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 98 Douglaston School
Middle Schools Jhs 67 Louis Pasteur
High Schools Queens 26
School District Queens 26
Others
Special Listing Condition None
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